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Tuesday, August 15, 2006

Is now a good or bad time to buy stocks?

Read an article recently by Ben Stein on Yahoo Finance regarding whether its good or bad time to buy stocks. Reason being there is lot of uncertainty right now because of problems in the Middle East as well as whether the feds will continue to raise interest rates etc etc. As per Ben Stein, a lot of people are saying its a bad time to buy stocks because of this uncertainty but he makes a case that right now, many of the stocks are cheap and it may be a better time to buy stocks.

I have also been listening to conflicting reasons from various "stock experts" but to me, what Ben Stein is saying made sense to me. I'm not a financial expert nor am aware of Ben Stein's record but I have myself felt like buying stocks when the market has been rising (only to see my stocks collapse later on) and tried to stay away from the market when the prices had collapsed and the stocks were available at "bargain price". Seems it part of the human psychology. If any one wants to read the article further, the article can be accessed through Yahoo Finance or using the following link:

Ben Stein's article

posted by Ruby @ 7:36 AM

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